Bronx multifamily: reading the numbers before you tour
Rent roll, arrears, violations and capital plans — the four documents that matter first.
A tour tells you how a building looks. Four documents tell you how it performs. Ask for them before you spend a Saturday walking units.
The four documents to request
Off-market inventory behaves differently from the public market. Because these properties are never advertised on the MLS or the major portals, pricing is negotiated between a much smaller group of motivated parties, and the timeline is usually driven by the seller rather than by the market.
- Fewer competing offers on the same property
- More flexibility on closing dates and contingencies
- Direct access to the listing agent instead of a call center
Violations are cheaper to read about than to inherit.
LavaZoo Market Desk
Spotting deferred maintenance early
Before you commit, compare the asking price with recent closed sales in the same building or on the same block, check the taxes and common charges, and ask how long the property has been quietly shopped. A listing that has been circulating privately for months is a very different negotiation from one that came to market last week.
- Get pre-approved so you can move quickly
- Ask the listing agent for the last three comparable sales
- Confirm what is included in the sale before signing
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